New Document top_band
 
Business Standard

TCS slips to fourth slot in market cap

Read more on:    Tcs | Reliance | Market Cap | It Giant
Related News

Tata Consultancy Services () today slipped to fourth position in the list of the country's most valued companies, below Industries (RIL), ONGC and Coal India.

The Tata group firm had briefly replaced RIL as the country's most-valued firm late last month, but could not hold on to the top ranking.

A sharp plunge in TCS shares had pushed the company to third position after RIL and ONGC earlier this month and a further retreat led to the country's largest software exporter slipping to fourth slot in the market valuation charts today.

At the end of today's trade, TCS had a market value of Rs 216,135.91 crore -- lower than RIL's 242,424.06 crore, ONGC's Rs 223,939.95 crore and CIL's Rs 221,893.88 crore.

Meanwhile, RIL regained its position as the most influential stock on the Sensex on the basis of weight in the stock market barometer index from another IT major, Infosys, in today's trade.

RIL now carries a Sensex weight of 9.78%, as against Infosys' 9.52%. The Sensex weight of a stock is determined on the basis of its free-float market capitalisation, or the value of shares held by non-promoter shareholders that are freely available for trading.

ITC currently has the third highest weight on the Sensex after RIL and Infosys.

In terms of full market valuation, Infosys is ranked sixth after RIL, ONGC, Coal India, TCS and ITC.

RIL shares soared by 3.8% today, while Infosys gained 1%, but TCS lost 0.28% on a day when the Sensex gained 1.7%, or 276.69 points.

State-run CIL gained 3.2%, while ONGC also appreciated by 2.05%.

Read more on:   
|
|
|

Read More

FIIs net buy Rs 624 cr, DIIs net sell Rs 241 cr

Foreign institutional investors (FIIs) were net buyers of Rs 624.10  crore (provisional) today, according to data released by BSE.

Quick Links

 

Market News

Those who took the plunge when others were fearful

Between June 2013 and June 2014, the promoter holding of both firms has remained constant, at 45.63% for FTIL and 26% for MCX

Only in India, tech on top of m-cap charts

India is the only country in the Brics pack to have a technology firm as the largest public company. China and Russia have energy companies at ...

Tech provider be neutral of commex ownership: FMC

Regulator mulling no entity with significant shareholding be allowed to be tech provider

Slowdown likely for diamond processors

Global rough diamond miner De Beers forecasts a slowdown in sales, Indian companies toface the heat

Indian setback helping global iron ore miners

India, very rich in iron ore, is becoming a major importer of the steel-making ingredient

Back to Top